Frequently Asked Questions
What is a payday loan or a cash advance loan?
This loan requires no collateral so it's what is referred to as an unsecured loan. The loan is to get you through until the next payday and it shouldn't be more than 30 days. This loan is designed for unexpected expenses you may have between your pay periods.
When and how do I get the money?
One you are approved for your payday loan the money is sent to your bank account by wire and you can use it right away. The transfer usually takes about one hour and it isn't longer than 24 hours in most cases.
I have a low credit score can I still qualify?
Yes you can qualify for this loan. The lenders don't look at credit scores when thye examine the application. These loans are for smaller amounts and the terms of the loan are short so there's no need for a credit check to be conducted.
I am between a job do I still qualify?
No you have to have a job to qualify for this loan.
Are there any requirements for this payday loan that I need?
- You must be at least 18 years of age
- You must be a legal resident or a citizen of Canada
- Part time work is fine but you need ot be employed to qualify
- To get the loan you need to have a bank account
After I submit my loan application can I change my mind?
Yes you can do that. Once you submit the application the lender will review it and then send an offer. The Submisison of the application states that you want a lender to review it but you aren't under obligation to commit to the loan until you sign it.
What are the policies towards loan extensions?
The Cash Advance loan isn't a loan you can extend. You have to pay for this loan in full before you can apply for another one. If you need these loans all the time this is a warning sign of further financial difficulties. See an advisor if you run into this situation.
How much money am I able to borrow?
Loans range for $100-$1,500.The lends will decide how much that you qualify for based upon the application that you send.
How do you protect my personal information I send?
Here at iCashLoans.ca we use advanced technology to ensure your data is secure with us.
We use SSL or 128 bit Secure Socket Layer encryption technology which is industry standard to protect your information.
Do I need to pay an application fee?
There's no application fee required on this site. You have no obligations until you actually sign the loan offer given to you.
You need to read the loan offer and agree to it before you sign.
How do I repay my cash advance loan?
You will pay applicable fees along with the loan amount. This is deducted from your bank account on the date the loan is due so you don't have to do anything to pay for your loan.